Brazil to Tap Uruguay's Surplus Beef Quota for China, Lula Says
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Brazilian President Luiz Inacio Lula da Silva said Uruguay has authorized Brazil to use the surplus from its beef export quota to China. Lula wrote on X that he expressed gratitude for the authorization after meeting with Uruguayan counterpart Yamandu Orsi in New York. Uruguay's foreign ministry did not immediately reply to a request for comment. China in January imposed an added 55% tariff on beef imports that exceed quota levels from key suppliers, including Brazil, to protect its domestic cattle industry. From November to June, Brazil had already shipped 98.5% of its 1.1 million metric ton quota, StoneX said in a July report, adding the quota would be filled by August. Brazil's total beef export volumes are expected to drop 10% year-on-year in 2026, industry group Abiec estimated earlier this year, amid restrictions imposed by Beijing and a recent curb on Brazilian meat exports to the European Union.